The exchange rates in the Cuban informal market today maintain their uneven trend, with the MLC registering its lowest value in weeks and the euro surpassing a new high.
This Tuesday, April 9th, the euro is quoted at 367 Cuban pesos (CUP), after an increase of 2 pesos compared to the previous day. The US dollar remains stable at 360 CUP, while the freely convertible currency (MLC) falls to 262 CUP, with no signs of recovery. The Canadian dollar is exchanged today at 228 CUP, with a slight drop of 2 pesos.
MLC fall: signs of weakness and disinterest
The sustained fall of the MLC confirms its loss of symbolic and functional value in the Cuban economy. Many traders and buyers consider it an intermediate currency without physical backing or attractiveness for savings or trade. Unlike the dollar or the euro, which have clearer outlets in the black market or for remittances, the MLC seems to lose utility in the eyes of many Cubans.
In addition, there is uncertainty on the part of the government, which has not yet clearly defined the future of MLC stores or access to foreign currency for the average citizen.
The euro surges against the dollar in the international markets.
At a global level, the euro has gained ground against the dollar as a result of the economic turbulence generated by the trade war between the United States and its main partners. This Tuesday, the euro surpassed the 1.11 dollar mark, reaching its highest level in almost a decade.
The trend was consolidated after Donald Trump announced a temporary 90-day suspension of tariffs on several countries, but not on China. The pause relieved financial markets, but weakened the dollar against most currencies.
In the Cuban context, however, these international fluctuations alone do not determine the behavior of the informal market, where supply, demand, and state restrictions play a major role.
Equivalences today in Cuban pesos
1 EUR = 367 CUP
5 EUR = 1,835 CUP
10 EUR = 3,670 CUP
20 EUR = 7,340 CUP
30 EUR = 11,010 CUP
50 EUR = 18,350 CUP
100 EUR = 36,700 CUP
"1 USD = 360 CUP" would be translated to "1 USD = 360 CUP"
5 USD = 1,800 CUP
10 USD = 3,600 CUP
20 USD = 7,200 CUP
30 USD = 10,800 CUP
50 USD = 18,000 CUP
100 USD = 36,000 CUP
1 MLC = 262 CUP
5 MLC = 1,310 CUP
10 MLC = 2,620 CUP
20 MLC = 5,240 CUP
30 MLC = 7,860 CUP
50 MLC = 13,100 CUP
100 MLC = 26,200 CUP
"1 CAD = 228 CUP" would be translated to "1 Canadian dollar equals 228 Cuban pesos."
5 CAD = 1,140 CUP
10 CAD = 2,280 CUP
20 CAD = 4,560 CUP
30 CAD = 6,840 CUP
50 CAD = 11,400 CUP
100 CAD = 22,800 CUP
How much are salaries worth in Cuba?
The minimum wage in Cuba is 2,100 pesos per month, which is equivalent to:
5.7 dollars
5.73 euros
8 MLC
The average salary, approximately 4,200 CUP, barely covers:
11.6 dollars
11.4 euros
16 MLC
Estos datos confirman que incluso adquirir una sola unidad de moneda extranjera en el mercado informal supera ampliamente lo que un cubano gana en un día —o en varios. Esto mantiene una presión constante sobre el poder adquisitivo y alimenta la crisis social y económica.
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